Duplex - money machine

[Thomas Jay Bledsoe]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $110,000
Cash invested: $60,000
Sale price: $225,000

This property has 2 units and 2 storage units creating 4 income streams. It was a great investment. I used the proceeds to start my business.

What made you interested in investing in this type of deal?

It was obvious that this would result in a positive cash flow. I found a way to get it financed.

How did you find this deal and how did you negotiate it?

Through realtor.

How did you finance this deal?

Top secret

How did you add value to the deal?

Added fencing and power to the garage for garage door openers. This was a big deal to the tenants.

What was the outcome?

Positive cash flow for years.

Lessons learned? Challenges?

I learned how to manage rental properties well with this property.